For Sale
$2,470,000

15 Meta Dr Midland, TX 79701

19,000 SF Retail Center, High Traffic Area

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional retail investment opportunity encompasses a 19,000-square-foot commercial property situated at 14 & 15 Meta Drive, Midland, Texas, 79701. The property, built in 1960, consists of a single-story building with two units currently at 21% occupancy. This NNN-leased multi-tenant property offers a compelling investment prospect with an asking price of $2,470,000, translating to $130 per square foot. The property boasts a prime location within The Village Shopping Center, directly adjacent to Midland Memorial Hospital, ensuring high visibility and accessibility. Its strategic placement at the southwest quadrant of Andrews Highway and Illinois Avenue benefits from significant traffic volume, exceeding 40,000 vehicles per day according to 2022 TXDOT data. Nearby established businesses include CVS Pharmacy, Walgreens, Taco Villa, and Chick-fil-A, further enhancing the property's desirability and potential for future growth. The property's substantial size and prominent location make it an ideal investment for those seeking a strong foothold in the thriving Midland, Texas market. The land component adds further value to this already attractive investment.

Highlights

  • Outstanding location in Midland, TX, with high visibility and accessibility.
  • Located directly across from Midland Memorial Hospital.
  • Strong retail synergy with nearby CVS, Walgreens, Taco Villa, and Chick-fil-A.
  • High traffic count exceeding 40,000 vehicles per day (TXDOT 2022 data) on Andrews Highway.

Property Details for 15 Meta Dr

Property type
Retail properties, Land
Square Feet
19,000 SF
Year Built
1960
Buildings
1
Stories
1
Units
2

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.99450946411
Longitude
-102.10088948722

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FAQs

What type of property is this?
Retail property - 19,000 SF Retail Center, High Traffic Area
Where is the retail property located?
The property is located at 15 Meta Dr Midland, TX.
What is the asking price?
The asking price for this property is $2,470,000.
What are key features of this property?
This property features: Outstanding location in Midland, TX, with high visibility and accessibility.; Located directly across from Midland Memorial Hospital.; Strong retail synergy with nearby CVS, Walgreens, Taco Villa, and Chick-fil-A.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

COLLIN BURK
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Useful Information

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Meta Dr
Midland, TX 79701

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Meta Dr
Midland, TX 79701

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

15 Meta Dr
  • COLLIN BURK
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